{"id":230,"date":"2007-05-16T12:32:48","date_gmt":"2007-05-16T12:32:48","guid":{"rendered":"http:\/\/chriscurnow.com\/index.php\/2007\/05\/16\/lucky_entrepren\/"},"modified":"2007-05-16T12:32:48","modified_gmt":"2007-05-16T12:32:48","slug":"lucky_entrepren","status":"publish","type":"post","link":"https:\/\/chriscurnow.com\/?p=230","title":{"rendered":"Lucky Entrepreneurs"},"content":{"rendered":"

What type of person makes a good entrepreneur<\/a>?<\/p>\n

I am currently a student at the Australian
\nGraduate School of Entrepreneurship<\/a>. It won’t suprise you to know that
\nwe spent one semester studying Entrepreneurship
\nand Innovation<\/a>. One of the big questions of the seminar subject was the
\none I posed at the beginning of this post, as well as the related question
\n"How can we tell if an entrepreneurial venture will be successful?"<\/p>\n

I value the research that has been carried out in this area, but I wonder
\nabout the questions. How do you define success anyway? Even if we agree on
\nwhat success is, can we really tell what made a venture successful and what
\ncharacteristics of the entrepreneur made it so? In the popular press, we look
\nat "successful" entrepreneurs like Richard
\nBranson<\/a>. How do we know that for every Richard Branson, there are a thousand
\npeople out there with exactly the same mindset, the same life experience, the
\nsame outloook on risk taking and venture formation who have eitther tried and
\nfailed or never tried at all. <\/p>\n

All of that is to assume that you can take two people and say on these range
\nof measures they are the same. Who is to know that the single most important
\nmeasure is the one you left out. Of course just like no two people have the
\nsame fingerprint, no two people are exactly alike. So what’s the point of trying
\nto find what makes and entrepreneur?<\/p>\n

I seriously considerr the possibility that it is all a mattter of luck. The
\nright person in the right place at the right time with the right idea and with
\nthe right lucky breaks.<\/p>\n

I was prompted to write by this piece [sorry can’t login to afr.com to provide
\na link — It was the main Leadership piece in the May 3-9, 2007 issue] in BRW<\/a>. <\/p>\n

Kevin
\nHindle<\/a> is commenting on the 2006 Global
\nEntrepreneurship Monitor<\/a> which, according to the article, found that<\/p>\n

Australia is still very much a ‘milk-bar economy’: a nation of small business
\nowners whose ambitions are limited.<\/p><\/blockquote>\n

James Womack<\/a> goes on to say<\/p>\n

\nYou’ve got one guy, and the product concept is between his or her ears — no marketing
\nsystem, no no supply base, no media, no apparatus, nothing. It is esier to do
\nit right when you begin with than it is to rework it into right once you are
\na way along."<\/p><\/blockquote>\n

The article then suggests:<\/p>\n

A common failing is neglecting to define the business’s purpose.
\nWomack says most managers say the purpose of the business is to make money, which
\nis not an observation that leads to action.<\/p><\/blockquote>\n

The Spiral Path is dedicated to guiding people to think not so much what the
\npurpose of the business is, but what their own purpose is in starting and running
\nthe business. These two are related but not the same. <\/p>\n","protected":false},"excerpt":{"rendered":"

What type of person makes a good entrepreneur? I am currently a student at the Australian Graduate School of Entrepreneurship. It won’t suprise you to know that we spent one semester studying Entrepreneurship and Innovation. One of the big questions of the seminar subject was the one I posed at the beginning of this post, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,10],"tags":[11],"class_list":["post-230","post","type-post","status-publish","format-standard","hentry","category-entrepreneurship","category-luck","tag-agse"],"_links":{"self":[{"href":"https:\/\/chriscurnow.com\/index.php?rest_route=\/wp\/v2\/posts\/230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chriscurnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chriscurnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chriscurnow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chriscurnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=230"}],"version-history":[{"count":0,"href":"https:\/\/chriscurnow.com\/index.php?rest_route=\/wp\/v2\/posts\/230\/revisions"}],"wp:attachment":[{"href":"https:\/\/chriscurnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chriscurnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chriscurnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}